Company registration number 08167089 (England and Wales)
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
COMPANY INFORMATION
Directors
DL Marks
BB Camissar
P Samuels
S Lazarus
D Raivid
(Appointed 16 March 2023)
Company number
08167089
Registered office
C/O Sears Morgan Property Management Ltd
Suite A5
Kebbell House, Delta Gain
Watford
Herts
WD19 5EF
Accountants
Myers Clark
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 6
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2023
- 1 -
The directors present their annual report and financial statements for the year ended 31 July 2023.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
DL Marks
BB Camissar
P Samuels
S Lazarus
D Raivid
(Appointed 16 March 2023)
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
BB Camissar
Director
19 February 2024
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WINSFORD COURT HENDON (MANAGEMENT) LIMITED FOR THE YEAR ENDED 31 JULY 2023
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Winsford Court Hendon (Management) Limited for the year ended 31 July 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Winsford Court Hendon (Management) Limited, as a body, in accordance with the terms of our engagement letter dated 3 March 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Winsford Court Hendon (Management) Limited and state those matters that we have agreed to state to the board of directors of Winsford Court Hendon (Management) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Winsford Court Hendon (Management) Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Winsford Court Hendon (Management) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Winsford Court Hendon (Management) Limited. You consider that Winsford Court Hendon (Management) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Winsford Court Hendon (Management) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Myers Clark
21 February 2024
Chartered Accountants
Egale 1
80 St Albans Road
Watford
Hertfordshire
WD17 1DL
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
BALANCE SHEET
- 3 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Current assets
Debtors
4
4,031
4,031
Creditors: amounts falling due within one year
5
(11,894)
(11,894)
Net current liabilities
(7,863)
(7,863)
Net liabilities
(7,862)
(7,862)
Capital and reserves
Called up share capital
6
5
5
Profit and loss reserves
(7,867)
(7,867)
Total equity
(7,862)
(7,862)
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 19 February 2024 and are signed on its behalf by:
BB Camissar
Director
Company registration number 08167089 (England and Wales)
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
1
Accounting policies
Company information
Winsford Court Hendon (Management) Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Sears Morgan Property Management Ltd, Suite A5, Kebbell House, Delta Gain, Watford, Herts, WD19 5EF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Nil
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and other loans that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. .
1.6
During the year the company has acted as agent for the lessees of the property at Winsford Court, 9-11 Tenterden Grove, London NW4 1SZ. The funds in relation to the maintenance of the property are held in trust. As at 31 July 2023 the cash balance held on behalf of the lessees amounted to £55,536.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Winsford Court Hendon (Management) Limited.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2022 and 31 July 2023
1
Depreciation and impairment
At 1 August 2022 and 31 July 2023
Carrying amount
At 31 July 2023
1
At 31 July 2022
1
WINSFORD COURT HENDON (MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
175
Other debtors
4,031
3,856
4,031
4,031
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
11,894
11,894
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
5
5
5
5